The German stock market ran out of steam on Thursday afternoon. In early trading, strong quarterly figures and optimistic targets from the semiconductor company Nvidia caused enthusiasm and drove prices. This tailwind died down.

Instead, investors’ cautious stance on US stock markets ahead of the Fed meeting in Jackson Hole in the afternoon spilled over into other markets. The Dax turned negative and ultimately lost 0.68 percent to 15,621.49 points. The MDax lost 0.73 percent to 27,105.06 points.